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Covista Communications (Covista Communications) Total Inventories : $0.00 Mil (As of Apr. 2005)


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What is Covista Communications Total Inventories?

Covista Communications's total inventories for the quarter that ended in Apr. 2005 was $0.00 Mil. Covista Communications's average total inventories from the quarter that ended in Jan. 2005 to the quarter that ended in Apr. 2005 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Covista Communications's Net-Net Working Capital per share for the quarter that ended in Apr. 2005 was $0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Covista Communications's Days Inventory for the three months ended in Apr. 2005 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Covista Communications's Inventory-to-Revenue for the quarter that ended in Apr. 2005 was 0.00.


Covista Communications Total Inventories Historical Data

The historical data trend for Covista Communications's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Covista Communications Total Inventories Chart

Covista Communications Annual Data
Trend Jan96 Jan97 Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05
Total Inventories
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Covista Communications Quarterly Data
Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02 Jul02 Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05
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Covista Communications Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Covista Communications  (OTCPK:CVST) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Covista Communications's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2005 is

Net-Net Working Capital Per Share (Q: Apr. 2005 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6.509+0.75 * 8.468+0.5 * 0-10.83
-0-0)/17.822
=0.11

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Covista Communications's Days Inventory for the three months ended in Apr. 2005 is calculated as:

Days Inventory=Average Total Inventories (Q: Apr. 2005 )/Cost of Goods Sold (Q: Apr. 2005 )*Days in Period
=0/6.031*365 / 4
=0.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Covista Communications's Inventory Turnover for the quarter that ended in Apr. 2005 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Apr. 2005 ) / Average Total Inventories (Q: Apr. 2005 )
=6.031 / 0
=N/A

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Covista Communications's Inventory to Revenue for the quarter that ended in Apr. 2005 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2005 ) / Revenue (Q: Apr. 2005 )
=0 / 11.253
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Covista Communications Total Inventories Related Terms

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Covista Communications (Covista Communications) Business Description

Traded in Other Exchanges
N/A
Address
735 Broad Street, Unit 306, Chattanooga, TN, USA, 37402
Covista Communications Inc is a telecommunication service provider. Its products and services include voice, data, and internet solutions, including local, long-distance, and toll-free services, calling card, frame relay, Internet access, & directory assistance.
Executives
W Thorpe Mckenzie director 735 BROAD ST, STE 1105, CHATTANOOGA TN 37402
Jay J Miller director 430 EAST 57TH STREET SUITE 5 D, NEW YORK NY 10022

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